HomeMy WebLinkAboutCC-10-21-13-01 Set Taxes Payable for 2014 Sponsor: Kevin D. Rider
RESOLUTION 10-21-13-01
A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF CARMEL,
INDIANA, TO SET TAXES PAYABLE IN 2014 AND AUTHORIZATION OF
BORROWING BETWEEN FUNDS
WHEREAS, it is the policy of the City of Carmel, Indiana ("City") to keep City property
tax rates level for taxes payable in 2014; and
WHEREAS, the Indiana Department of Local Government Finance ("DLGF") shall set
the total City tax rate for taxes payable in 2014; and
WHEREAS, the Common Council intends to levy for the 0708 Motor Vehicle Highway
Fund only the amount needed to fund appropriations, leaving no operating balance; and
WHEREAS, the Common Council intends to enhance funds in need of money for cash
flow purposes; and
WHEREAS, the Common Council finds that certain funds have sufficient cash available
to temporarily deposit to the credit of other funds.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
Carmel, Hamilton County, Indiana:
Section 1. The Department of Local Government Finance is respectfully requested to set
the total 2014 City tax rate, for all City funds at exactly $0.7007 per $100 of assessed value.
Section 2. The DLGF is respectfully requested to set the 2014 property tax levy of the
0708 Motor Vehicle Highway Fund at a level no greater than the amount needed to fund
appropriations, with no operating balance.
Section 3. The Common Council permits the borrowing among funds under Indiana
Code § 36-1-8-4. Borrowing may only take place where it is necessary to enhance a fund in
need of money for cash flow purposes. The borrowed amount shall be returned by December 31,
2014, and may not exceed the amount needed to fund appropriations or other lawful
disbursements. Borrowing may only take place where a fund has sufficient money on deposit
that can be temporarily transferred. Only revenues derived from the levying and collection of
property taxes or special taxes or operation of the political subdivision may be included in the
amount transferred. ;I 4i E:, I : u J ;
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SO REOLVED by the Common Council of the City of Carmel, Hamilton County,
Indiana, this .this alSay of Qcj.. -eA , 2013. CC) cote s i�o y 5
COMMON COUNCIL FOR THE CITY OF CARMEL, INDI: A
Presiding Officer Kevin D. Rider
�c7 Prese
Richard L. Sharp, President Pro Tempore Carol Schleif V
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d nald E. Carter W. Eri S densticker
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S��` inkam Lucie yder
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Diana L. Corday, IAMC, Clerk- r asurer
sf Presented by me to the Mayor of the City of Carmel, Indiana, at 7: o'clock e . m. on the
a1 day of OCR h.� , 2013.
4.11.4,Leti/ge
Diana L. Corday, IAMC, Clerk' reasurer
4O s-t-
Approved by me, Mayor of the City of Carmel, Indiana, ate_ o'clock P . m. this c
day of , 2013.
f" t
James Br. nard; Mayor
ATTEST:
&L44y
Diana L. Corday, IAMC, Clerk-Trtajurer
Prepared by Curtis Coonrod
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